Based on the amount invested, and the interest, the amount after 18 years would be $4,941.14
The interest is compounded weekly so you must convert it to a weekly rate:
= 4.25% / 52 weeks
= 4.25/52%
Number of periods:
= 18 years x 52 weeks
= 936 weeks
The future value of this amount is:
= Amount x ( 1 + rate) ^ number of periods
= 2,300 x ( 1 + 4.25/52%)⁹³⁶
= $4,941.14
In conclusion, the amount would be $4,941.14
Find out more on future value at https://brainly.com/question/25805668.
